BRADENTON, FL-Grubb & Ellis Healthcare REIT II Inc. has purchased Lakewood Ranch Medical Office Building, a three-story, multi-tenant property in Bradenton, from Lakewood Ranch MOB LLP. The REIT secured $13.8 million from Bank of America NA to finance the acquisition.
The medical office building, which comprises roughly 58,000 square feet, is 98% leased. Greg Endsley with Madison Street Partners and Steve Horn with Ian Black Real Estate negotiated the deal on behalf of the seller.For the full story, go to Tampa Bay Business Journal.
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